Casaccio Tenee R 4

What Happened
Tenee R. Casaccio, a director of Arrow Financial Corp. (AROW), had an acquisition on 2026-03-18 of 354 shares at $31.76 per share, a total value of $11,243. The transaction is reported as an "other acquisition or disposition" (code J) and the filing shows this was tied to director compensation.

Key Details

• Transaction date and price: 2026-03-18 at $31.76 per share (354 shares; $11,243 total).
• Transaction type: Code J — Other acquisition or disposition; footnote F1 identifies this as the quarterly director's retainer payment.
• Additional disclosure: Footnote F2 notes 217 shares were acquired under the company’s DRIP since Jan 28, 2026; these were not required to be reported on a Form 4 but are furnished to show total holdings.
• Shares owned after the reported transaction: Not specified on the Form 4 (the filer furnished DRIP info to help disclose total holdings).
• Filing timeliness: Form 4 was filed on 2026-03-20 for a 2026-03-18 transaction (filed within the normal 2-business-day reporting window).

Context
This acquisition appears to reflect routine director compensation (quarterly retainer paid in shares) and DRIP activity rather than an open-market purchase. Such compensation-related issuances are common for directors and are typically administrative in nature.